Search
730 Crenshaw Blvd, Los Angeles, CA 90005
Image 2 for 730 Crenshaw Blvd, Los Angeles, CA 90005
Image 3 for 730 Crenshaw Blvd, Los Angeles, CA 90005
View Photos

730 Crenshaw Blvd Los Angeles, CA 90005

$3,495,000
  • 20 Beds
  • 16 Baths
  • 11,208 Sq.Ft.
For Sale
$3,495,000 Get Pre-Qualified
Map preview of 730 Crenshaw Blvd, Los Angeles, CA 90005

Property Overview: 730 Crenshaw Blvd Los Angeles, CA has 20 bedrooms, 16 bathrooms, 11,208 living square feet and 12,984 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 730 Crenshaw Blvd is a 16-unit multifamily investment opportunity in the Wilshire Park neighborhood of Los Angeles, located just east of S Wilton Pl between Wilshire Blvd & W 8th St. The subject property was built in 1954 and features an impressive unit mix of 12 one-bedrooms and four two-bedrooms with parking at the rear of the property with no soft-story work required. The property is fully occupied with strong in-place cash flow and additional rental upside of over 29% as units turn; at the asking price, 730 Crenshaw Blvd is being offered at $218,438 per unit a t a 5.47% CAP rate and 11.43 GRM on current income. Renovated units feature spacious layouts with new vinyl plank flooring, stainless steel appliances, custom cabinetry, and updated kitchens & bathrooms; the property has a community laundry room and is separately metered for gas and electric. Dense, infill location with an easy commute for residents throughout Koreatown and to nearby neighborhoods of Fairfax, La Brea, Hollywood, Larchmont Village, Hancock Park, and Downtown Los Angeles. Located a half-mile from the Metro D Rail Line and close to multiple metro bus lines along Crenshaw Blvd and Wilshire Blvd. Opportunity to acquire a well-located asset with strong in-place cash flow and significant rental upside in a premiere submarket with continued low-vacancy and rent growth.

Listed by Neema Ahadian | BRE #01346750 | Marcus & Millichap
Last checked: 3 minutes ago | Last updated: April 10th, 2024 | Source CRMLS | DOM: 46
Get a $13,106 Cash Reward New

Buy this home with Ardent Real Estate Group and get $13,106 back.

Call/Text (714) 706-1823

Home details

Lot Sq. Ft
12,984
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24377761
City
Los Angeles
County
Los Angeles
Time on Site
38 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 12
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,395
  • Total Rent: $16,734
  • Pro Forma/Market Rent: $22,200
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $8,598
  • Pro Forma/Market Rent: $10,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.47%
  • Gross Rent Multiplier: 11.43
  • Gross Scheduled Income: --
  • Net Operating Income: $194,083
  • Gross Operating Income: $296,610
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 730 Crenshaw Blvd

No upcoming open houses

Schedule Tour

Property Details for 730 Crenshaw Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Detached Carport
Property Information
  • Total # of Units: 16
  • Parcel Number: 5092001031
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 730 Crenshaw Blvd is in the Wilshire Park neighborhood of Los Angeles, located just east of S Wilton Pl between Wilshire Blvd & W 8th St.
View more facts & features

Local Los Angeles Agent

Sale History for 730 Crenshaw Blvd

Last leased for $2,495 on July 16th, 2019

  • March, 2024

  • Mar 22, 2024

    Date

    Active

    CRMLS: 24377761

    $3,495,000

    Price

  • June, 2023

  • Jun 1, 2023

    Date

    Expired

    CRMLS: 23230617

    $3,995,000

    Price

  • Jan 9, 2023

    Date

    Active

    CRMLS: 23230617

    $4,045,000

    Price

  • Listing provided courtesy of CRMLS

    Eight (8) out of the Sixteen (16) units have been remodeled ; whole building replumbed in 2021 ; Great unit mix of Four (4) two-bedroom and Twelve (12) one-bedroom / one-bath units ; Separately metered for gas and electricity ; Approximately 32% upside in rental income ; Approx. 16 onsite parking spaces ; 100% Occupied

  • September, 2022

  • Sep 26, 2022

    Date

    Canceled

    CRMLS: 22188935

    $4,197,000

    Price

  • Aug 11, 2022

    Date

    Active

    CRMLS: 22188935

    $4,197,000

    Price

  • Listing provided courtesy of CRMLS

    Situated one block from Wilshire Boulevard, the property is within blocks of Hancock Park and Koreatown, with the high-end Miracle Mile neighborhood a short distance west. With full copper plumbing and all new vinyl windows installed in the past few years, the property has been thoroughly upgraded yet still allows a new owner to recapture the approximately 31% upside in rents. Half of the units have been thoroughly remodeled, with upgrades including some combination of new wood flooring, new custom cabinets, new recessed lighting, new countertops, new tile backsplashes, newly updated bathrooms, and crown moulding. A new owner may use this blueprint to continue renovations on the remaining units and possibly improve cash flow dramatically. The building does not appear on the Los Angeles Department of Building and Safety's seismic retrofit list (Buyer to verify), further saving the new investor from future maintenance expenses. Located near the intersection of Wilshire Boulevard and Western Avenue, the property is just blocks from the border of Koreatown and is also adjacent to the luxurious Hancock Park neighborhood. Residents seeking to live in this area have more often been forced into the rental market of late, as asking prices for single-family homes currently average more than $4,400,000, with no listings currently available for less than $1,000,000. This has increased demand for apartment units in the already densely populated neighborhood, which in turn has increased achievable rents substantially.

  • July, 2022

  • Jul 11, 2022

    Date

    Canceled

    CRMLS: 22165629

    $4,299,000

    Price

  • Jun 8, 2022

    Date

    Active

    CRMLS: 22165629

    $4,299,000

    Price

  • Listing provided courtesy of CRMLS

    Eight (8) out of the Sixteen (16) units have been remodeled ; whole building replumbed in 2021 ; Great unit mix of Four (4) two-bedroom / two -bath and Twelve (12) one-bedroom / one-bath units ; Separately metered for gas and electricity ; Approximately 36% upside in rental income ; Approx. 16 onsite parking spaces

  • June, 2022

  • Jun 9, 2022

    Date

    Canceled

    CRMLS: 22151561

    $4,595,000

    Price

  • Apr 29, 2022

    Date

    Active

    CRMLS: 22151561

    $4,595,000

    Price

  • Listing provided courtesy of CRMLS

    Approximately 31% upside in rental income ; Great unit mix of Four (4) two-bedroom / two -bath and Twelve (12) one-bedroom / one-bath units ; Separately metered for gas and electricity ; Located approx. 500 feet from Metro line: Major cross streets are Wilshire Blvd and Crenshaw Blvd ; 8 out of the 16 units have been remodeled ; whole building replumbed in 2021 ; Approx. 16 onsite parking spaces

  • July, 2019

  • Jul 17, 2019

    Date

    Leased

    CRMLS: 19484740

    $2,495

    Price

  • Jul 3, 2019

    Date

    Active

    CRMLS: 19484740

    $2,495

    Price

  • Listing provided courtesy of CRMLS

    A beautiful and spacious 2 bed plus den (could be a third bedroom) and 1 bath is now available. This unit has gorgeous hardwood floors throughout, stainless steel appliances (range/oven and refrigerator) and a wall AC. One parking spot included. Community laundry on site. Located within minutes of some of LA's best restaurants, bars and cafes such as, République, EMC Seafood & Raw Bar, Slurpin' Ramen Bar, Salt & Straw, Milk and much more! Come and see it today!

  • July, 2019

  • Jul 2, 2019

    Date

    Expired

    CRMLS: 19471868

    $2,295

    Price

  • Jun 17, 2019

    Date

    Withdrawn

    CRMLS: 19471868

    $2,295

    Price

  • Jun 8, 2019

    Date

    Price Change

    CRMLS: 19471868

    $2,295

    Price

  • May 30, 2019

    Date

    Active

    CRMLS: 19471868

    $2,395

    Price

  • Listing provided courtesy of CRMLS

    A beautifully remodeled 2 bed/1 bath apartment is now available! This unit has gorgeous hardwood floors throughout, brand new stainless steel appliances including, a microwave, range/oven and refrigerator. It also includes a washer and dryer in unit and comes with one parking spot. Located within minutes of some of LA's best restaurants, bars and cafes such as, République, EMC Seafood & Raw Bar, Slurpin' Ramen Bar, Salt & Straw, Milk and much more! Come and see it today!

  • May, 2019

  • May 29, 2019

    Date

    Canceled

    CRMLS: 19457732

    $2,395

    Price

  • May 12, 2019

    Date

    Price Change

    CRMLS: 19457732

    $2,395

    Price

  • May 9, 2019

    Date

    Price Change

    CRMLS: 19457732

    $2,450

    Price

  • Apr 27, 2019

    Date

    Price Change

    CRMLS: 19457732

    $2,495

    Price

  • Apr 22, 2019

    Date

    Active

    CRMLS: 19457732

    $2,595

    Price

  • Listing provided courtesy of CRMLS

    A beautifully remodeled 2 bed/1 bath apartment is now available! This unit has gorgeous hardwood floors throughout, brand new stainless steel appliances including, a microwave, range/oven and refrigerator. It also includes a washer and dryer in unit and comes with one parking spot. Located within minutes of some of LA's best restaurants, bars and cafes such as, République, EMC Seafood & Raw Bar, Slurpin' Ramen Bar, Salt & Straw, Milk and much more! Come and see it today!

  • November, 2014

  • Nov 12, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2005

  • Dec 20, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 730 Crenshaw Blvd

Assessed Value (2020): $2,804,790
Year Land Value Improved Value Assessed Value
2020 $1,978,089 $826,701 $2,804,790

Home Value Compared to the Market

This property vs the competition

730 Crenshaw Blvd is listed 179.82% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $311.83 per/sqft which puts the price per square foot 59.71% lower than the median price per square foot for the city of Los Angeles.

About 730 Crenshaw Blvd

Detailed summary of property

730 Crenshaw Blvd is a multi family located in Los Angeles, CA 90005 and is currently for sale. This multi family property offers 20 bedrooms, 16 bathrooms, roughly 11,208 living square feet, and sits on an approximately 12,984 square foot lot. 730 Crenshaw Blvd was first listed on ArdentRealEstateGroup.com on April 8, 2024. The homeowner is currently asking $3,495,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 179.82% higher than the median priced home. Local competing homes currently for sale include 444 N Lucerne Blvd, 4835 Elmwood Ave and 4942 Maplewood Ave. While the average home in Los Angeles, CA is selling in 94 days, 730 Crenshaw Blvd has a days on market of 46 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 730 Crenshaw Blvd Los Angeles, CA 90005 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 730 Crenshaw Blvd

Public county record property details
Beds
18
Baths
16
Year built
1954
Sq. Ft.
11,208
Lot Size
12,980
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
5092-001-031

The source for these homes facts are from public records.

90005 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$835,000
Median List Price/Sq.Ft.
$665
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$621
Total Inventory
35
Median Sale to List Price %
100.14%
Avg Days on Market
62
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (16.67%), Other (0%)

Tour This Home

Buy with Ardent Real Estate Group and save $13,106.

Image Description
Contact Jon
Los Angeles Agent
Call, Text or Message
(714) 706-1823
Get a $13,106 Cash Reward New

Buy this home with Ardent Real Estate Group and get $13,106 back.

Call/Text (714) 706-1823

Homes for Sale Near 730 Crenshaw Blvd

Nearby Homes for Sale

821 S Wilton Pl, Los Angeles, CA 90005
$3,985,000
1 Beds
20 Baths
10786 Sq.Ft.
821 S Wilton Pl
Los Angeles, CA 90005
326 S Wilton Pl, Los Angeles, CA 90020
$2,850,000
8 Beds
8 Baths
4825 Sq.Ft.
326 S Wilton Pl
Los Angeles, CA 90020
406 S St Andrews Pl, Los Angeles, CA 90020
$3,799,000
11 Beds
11 Baths
10868 Sq.Ft.
406 S St Andrews Pl
Los Angeles, CA 90020
1415 S St Andrews Pl, Los Angeles, CA 90019
$2,799,000
12 Beds
10 Baths
9268 Sq.Ft.
1415 S St Andrews Pl
Los Angeles, CA 90019
1532 S Wilton Pl, Los Angeles, CA 90019
$3,075,000
32 Beds
16 Baths
9916 Sq.Ft.
1532 S Wilton Pl
Los Angeles, CA 90019
1511 S Manhattan Pl, Los Angeles, CA 90019
$3,050,000
18 Beds
12 Baths
8700 Sq.Ft.
1511 S Manhattan Pl
Los Angeles, CA 90019
204 N Manhattan Pl, Los Angeles, CA 90004
$3,995,000
22 Beds
20 Baths
11555 Sq.Ft.
204 N Manhattan Pl
Los Angeles, CA 90004
4440 Victoria Park Dr, Los Angeles, CA 90019
$2,995,000
13 Beds
12 Baths
6480 Sq.Ft.
4440 Victoria Park Dr
Los Angeles, CA 90019

Recently Sold Homes Near 730 Crenshaw Blvd

731 Crenshaw Blvd, Los Angeles, CA 90005
$1,325,000 Last Sold Price
16 Beds
8 Baths
3246 Sq.Ft.
731 Crenshaw Blvd
Los Angeles, CA 90005
707 Crenshaw Blvd, Los Angeles, CA 90005
$2,100,000 Last Sold Price
8 Beds
10 Baths
6362 Sq.Ft.
707 Crenshaw Blvd
Los Angeles, CA 90005
715 Lorraine Blvd, Los Angeles, CA 90005
$1,525,000 Last Sold Price
6 Beds
6 Baths
3252 Sq.Ft.
715 Lorraine Blvd
Los Angeles, CA 90005
695 S Norton Ave, Los Angeles, CA 90005
$3,350,000 Last Sold Price
16 Beds
17 Baths
11647 Sq.Ft.
695 S Norton Ave
Los Angeles, CA 90005

Related Resources to 730 Crenshaw Blvd

New Listings in 90005
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Call